Iqe Share Discussion Threads

[crosswires] 12/11/2024 11:33

Yep, but we are at least aware of that, what worries me is what we don’t yet know. In the past higher than expected losses were met with steep declines in the share price and then quick recoveries, not so much this time. The market seems to be pricing in several years of large losses by the looks of it, at the very time when the now departed CEO was selling us the idea of 2022-2027 achieving 3x revenues and 30% margins. So the reaction is amplified due to the huge disconnect

#fearoftheunknown

[guildedge] 12/11/2024 11:19

They are making huge losses. Over 10-13% of revenue in losses for 2024. At least 17m predicted for 2024.

[lammergeier] 12/11/2024 11:04

We are 13 years down the road from when Intel were mooted to have offered £500 million
for Iqe,since then a lot of money has been spent on building up the business.The intrinsic value of the Company must be a lot higher than the current Share Price.
Sadly,the majority of our shareholders seem to be made up of Brokers and hedge funds
which makes us a highly speculative volatile investor play.The share price drop from
35p to 11p would normally suggest we are making huge losses and in dire straits but according to the last Company release this is not the case
IQE is a sittng duck for any Corporate predator whether it be friend or foe.A
speculative sale of the Pensylvanian and or Taiwan operation might be the catalyst to
turn things around.

[crosswires] 12/11/2024 10:58

Guild I’m really only interested in what Lombard have done since 31st Oct when Americo left, if it was a sudden departure they may have only been aware of it at the board meeting when it happened.

Bottom line if IQE still confirm at next update they will hit bottom end (last guidance £130/135m) then share price should recover. Market may be wrong but they are pricing in armageddon days at 11p.

The reality is Lombard Odier know what happened re AL and likely some other large investors, but the rest of us have no idea and some more “colour” should have been attached to his leaving

[lord loads of lolly] 12/11/2024 10:48

Crosswires - you could argue IQE would have already had to update the market if 2024 revenues looked materially lower than guidance.

That said, there are such things as profit warnings, so who knows! As for Canaccord, there hasn't been a TR1 since 14 October. And that related to a reduction on 11 October. So nothing notifiable within the past month+, suggesting to me they're not aggressively ditching. For now at least.

I agree with your points about Chips Act funding. Though it does seem odd the process has got this far - with local grants seemingly already agreed - if it's all to be for nowt. But I guess the local grants are contingent on Chips Act funding, plant expansion going ahead, X new jobs being secured etc.

The Board's total lack of comms since Lemos' departure has been utterly appalling, showing just how little they respect or value private investors. Let's hope they at least get their act together with the IPO in Taiwan before China invades & requisitions all foreign-owned assets.

[guildedge] 12/11/2024 10:42

That is just the way aim markets work. If they were expecting 100m revenue a TU would of been done. If they are within broker forecasts you will hear nothing. Brokers have not changed their forecasts here. When volume trades hit and the sellers clear the share price will rebound. I suspect Canaccord will sell up here. It's likely a lot of the trades over the last month or so were Canaccord. Same for the big UT auctions at end of trading each day.

[guildedge] 12/11/2024 09:00

Well Canaccord clearing would cause 10p. I was encouraged by the 250k late trades. The sums involved here are tiny for funds like this. Breached 11p floor today.

You just have to wait for this to finish. How does Trump impact Chip Act funding with tariffs?

[crosswires] 12/11/2024 08:43

Yeah, I have a bad feeling about this, must be one of the worst run companies in this sector since 2018. Hard to see it not going under 10p given how little support there is.

Someone knows something and ideally the board updates the investors who are not privy to this information about Americos departure as it appears to be materially pertinent. Saying nothing isn’t proving helpful

[hutchmeister] 12/11/2024 08:40

Soon be less than 100m market cap. Hate all this wondering what's going on. As someone else said this silence is deafening (and worrying) !

[longtallsally] 12/11/2024 08:33

Looks like 10p is coming, surely it can’t slide into single figures? It’s being priced almost as a basket case now 😔 each 1p doesn’t sound much until you realise it’s another 10% of the holding evaporating. The BOD really need to let the market know what’s happening

Hard to believe we were at 34p four months ago.

[longtallsally] 11/11/2024 17:49

Interesting, thanks Guild, I will be interested to see if Lombard Odier have sold much since Americo left (one day before the holdings update). After all they have a seat in the board and will be aware of exactly why he departed. If they start to aggressively reduce it would be a red flag, and if Cannacord clear out that’s a lot of shares…

The other point of interest is the large amount of shares still held by other institutions and Richard Griffiths, if they want out in any significance it will be a drag on the share price for some time to come. Our hope is they view the current share price level at a point where it can only be higher in 3/6/12 months.

I really hope the next RNS isn’t negative, but I don’t think we can say with any certainty all the bad news is out or behind us and therefore priced in quite yet.

[biglad1] 09/11/2024 18:10

The lack of information is deafening!

[longtallsally] 08/11/2024 17:39

Sadly all these articles since Americo left offer no actual insight to what’s going on at IQE, they are just more generic fodder that comes with journalism in this day and age.

[lord loads of lolly] 08/11/2024 17:32

LAMMERGEIER - the part of the article you quote sounds like Lemos writing his own funeral eulogy.

[lammergeier] 08/11/2024 15:59

During his tenure, Lemos had a marked influence on the company’s direction, referencing his industry’s extensive experience, including his previous role as vice president at Intel. His focus on diversifying IQE’s operations and enhancing its financial foundation was underlined by his statement: “The Taiwan Stock Exchange is where we have the best competitive benchmark to what we do, the investor base there are very familiar to what we do and the valuations in the TSE are among the best in the world for our industry.” His belief that the IPO would provide substantial resources for the company highlights his long-term strategy for improvement.

[mw16] 08/11/2024 14:40

Your gut is ALWAYS wrong but then you say that much that you pretty much covered for every eventuality. BTW, why do you post so much on here?Are you insane, senile? Just wondering.

[longtallsally] 08/11/2024 14:07

Thanks Bing, very much a mixed bag, I don’t really understand why 3D sensing never made it big outside the Apple top tier.

[bing_b] 08/11/2024 12:53

Some customer updates:

Lumentum up 20% plus pre market today on strong optical transceiver and datacom chip outlook. We should (!) be supplying the wafers for these as both mentioned in our recent interim results announcement. However, they also noted a downturn in 3D sensing applications.

Conversely, Qorvo fell by 30% last week on guidance for RF wireless chips for Android 5G smartphones with sales favouring entry tier 5G at the expense of mid-tier. They also noted unfavourable trends in unit volumes and content by model with their flagship (Apple) and premium tier models.

Skyworks report on Tuesday.

[hamhamham1] 08/11/2024 12:34

Toe dipped today!

[longtallsally] 08/11/2024 08:30

Pretty much reason to have been negative ever since 2018 apart from the mega trend “pumping”; period that Americo gave us all when he arrived. I did fall for that and as I say bought some more shares then which I clearly now regret down at 11p. If I was Sweenoid and I had been invited in for a private meeting with the CEO and sold a rosey future with his presumably multi million share holding (which he told us he continued to add to during Americos time) then I would be extremely upset with Lemos departure and where IQE find themselves.

I would settle for a TU that just said we remain on to achieve lower ends of the 130-135 range, my gut tells me whatever went on with Americo leaving may mean something worse. I hope my gut is off, because we have all taken a battering on this share and at some point deserve even the smallest glimmer of hope

[lord loads of lolly] 07/11/2024 23:01

LTS - Sure. But if memory serves me, you’ve been negative on IQE for far longer than that.

Anyhow, thanks for clarifying your holding somewhat.

[lord loads of lolly] 07/11/2024 22:58

Never mind a positive TU.

Just an RNS explaining our “now you see him, now you don’t” CEO would help.